New York A05258 prohibits county industrial development agencies from offering incentives in municipalities with their own agency.
New York A05258 amends the general municipal law by adding a new section 863, which restricts county industrial development agencies from offering incentives in municipalities that have their own industrial development agency. This includes financial assistance, tax incentives, payments in lieu of taxes, funding, or any other incentive. The law aims to prevent competition and duplication between county and municipal agencies. The act will take effect two years after becoming law.
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